Tax Assessment Reopening Denied; Notice Issued Post-Limitation u/s 149(3) for FY 2008-09 Deemed Invalid.

Tax Assessment Reopening Denied; Notice Issued Post-Limitation u/s 149(3) for FY 2008-09 Deemed Invalid. https://www.taxtmi.com/highlights?id=51281 Reopening of assessment u/s 147 - limitation period prescribed under Section 149(3) - the assessment related to 2008-09 and that the time limit for issuance of notice under Section 148 of the Act which is two years, had expired in the year 2010-11, before the amendment came into force. - Revenue appeal dismissed. en-us Fri, 17 Jan 2020 18:53:42 +0530 Fri, 17 Jan 2020 18:53:42 +0530 TaxTMI RSS Generator Tax Assessment Reopening Denied; Notice Issued Post-Limitation u/s 149(3) for FY 2008-09 Deemed Invalid. https://www.taxtmi.com/highlights?id=51281 Reopening of assessment u/s 147 - limitation period prescribed under Section 149(3) - the assessment related to 2008-09 and that the time limit for issuance of notice under Section 148 of the Act which is two years, had expired in the year 2010-11, before the amendment came into force. - Revenue appeal dismissed. Highlights Income Tax Fri, 17 Jan 2020 18:53:42 +0530 https://www.taxtmi.com/highlights?id=51281